PLDT down 35% in net income, lost 5M subs to Globe in 2015

During yesterday’s press briefing, PLDT Chariman and CEO Manuel V. Pangilinan reported that its net income declined by 35% to P22.1 billion in 2015. This is the lowest net income posted by PLDT since 2003 where they made Php17.17 billion.

Core net income is Php35.2 billion which is also lower by 6% from the previous year (Php35.7% in 2014).

“Last year alone we lost about five million subscribers to Globe… the loss of subscribers to Globe and incremental ads they managed to gain accounted probably for the biggest hole in our service revenues in prepaid,” accoridng to MVP.

MVP has set their net income guidance for 2016 at Php28 billion, a drastic drop from 2015’s target of Php35 billion. The new lower target is due to fierce competition and the possibility of a 3rd player (San Miguel) coming in this year.

Shares of PLDT dropped 17.86% to Php1,830, the single biggest loss in a day for over two decades.

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Avatar for Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

38 Responses

  1. Avatar for jill jill says:

    Contracting pa more. Telemarketers na manloloko. Contractors sa repair at instalasyon ay manloloko. SMART daw pero natatalo nang Signal nang GLOBE. Niloloko si MVP sa mga taong na naka aligid sa kanya or Loko din siya. Hope he gets a team na hindi mga manloloko at may puso na magserbisyo sa kapwa Pilipino. Saan na ba yung dial up-modem ko?

  2. Avatar for SunCell Subscriber SunCell Subscriber says:

    I love PLDT/Sun. But their recent offerings really just can’t cut through Globe’s.

    I hope MVP takes this as his wake up call (speed upgrades, better postpaid offerings, customer service, better tie-ups). Or else the Ayalas might soon take over the country’s telecommunication scene.

  3. Avatar for Gomer Jainar Gomer Jainar says:

    GABAAN mga Ganid sa pera! walay klarong serbisyo!

  4. Avatar for Matt Matt says:

    Result of profit focus company. global enterprise are now focusing on customer centric model. As like what my old professor says the word of mouth is the best marketing weapon you can always have

  5. Avatar for gab gab says:

    LOL it’s because globe is a lot hackable than smart, i’ve got a lot of friends feeding off globe’s loopholes.
    and no, im not one of them. mahina signal ng globe where I live. :p

    • Avatar for Gal Gal says:

      I don’t know anyone feeding off Globe’s loopholes. If totoo yung sinasabi mo, do us all a favor and report these jerks.

      But still, I highly doubt it’s because of Globe’s security issues. Their plans are simply cheaper compared to PLDT.

    • Avatar for SunCell Subscriber SunCell Subscriber says:

      Ano daw? If Globe is really a lot more hackable than Smart, then it should have reflected on Globe’s revenue as a huge loss.

      Unfortunately, Globe did well last 2015. They posted I think 20% increase in core net income YOY. Yung mga hackers na yan langgam lang sa kita ng Globe. Medyo masakit pag nakagat pero pagkatapos parang wala lang.

  6. Avatar for Mariah Carey Mariah Carey says:

    Pareho lang naman silang basura ng Globe eh. Since tinanggal nyo yung unlimited surf nyo sa Smart at pinalitan ng Surfmax eh dun na nagsimula kalbaryo nyo. Kasi pareho nga lang din kayong magnanakaw, mamimili na lang kami kung sino ang malakas ang signal sa area namin at Globe ang malakas so sa Globe kami. -_-

  7. Avatar for Mel A Mel A says:

    I’ve got a 1299/month DSL account for up to 2mbps then what you get is only 0.44 mbps. Ilang beses ka na tumawag sa customer service nila and 4 times na pumunta ang technician pero they cannot figure it out how to improve the internet speed. Frustrated I’m thinking of downgrading it to 990/month.

  8. Avatar for Jason Jason says:

    Last month one of your telemarketers told us that we are entitled for a free telpad… Since i cannot decide that day i said tawag na lang sila some other time… Halos inaraw araw nila kaming tawagan to “claim” our free telpad na idedeliver daw in a couple of days sabi ko i dont think we need it naman since we already have lots of gadgets… But sabi nya sayang naman daw since its free and walang monthly bill on top of our PLDT plans which cost around 1650… So since free naman yun we decided to give it a go… May isa pa ngang tumawag na tech support that to remind daw na its really free at walang monthly na babayaran from PLDT… After having it for a month bigla na lang kaming nagulat sa billing cause its 2k+ na at merong charge ang pldt telpad… We called your hotline and sabi nya na hindi daw free ito its a retainment plan at minsan daw talaga ganon ang ginagawa ng mga telemarketers nyo para mang akit na kumuha ng services kahit hindi naman free ito… Please lang PLDT kaya kayo nawawalan ng subscribers dahil sa kalokohan ng mga telemarkerters nyo… We will be filing a letter of complaints….and to others out there let this be a warning if a PLDT telemarketers called you wag kayong maniniwala na its free… We will also file this to DTI…..

    • Avatar for JP JP says:

      DO it please. Sana na i record mo yung pangalan ng tumawag sa iyo, date and time ng tawag, technician na nagkabit kung meron man, and everything else. This stupidity of PLDT/SMART has to stop. Napaka walanghiya nila.

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